Altcoin Analysis: Bitcoin + 165%, Ripple + 28%, Ethereum + 107%, Litecoin + 103% — Crypto Market Review Q2
After a long Crypto Winter 2018, 2019 will be much brighter on the crypto market. Let’s take a first look at the second quarter (Q2) of 2019 and look at how the market around Bitcoin, Ripple, Ethereum, Litecoin, IOTA and other altcoins behaved. Who were the big winners, how is the market momentum, what are the trends, how did IEOs perform, who was the top coin and more.
Crypto Market Up $200 Billion in Value — Growth of 125%
We all realized that the Q2 offered a foretaste of what to expect from a real Bitcoin & Crypto bull-run. We are deliberately talking about a real run here, as we have had a bull market since the end of Crypto Winter since the beginning of this year. But it was the Q2 2019 that triggered a real FOMO (Fear of Missing Out) for the first time since the highs of Bitcoin, Ethereum, Ripple and other.
The chart shows very nicely how the rise in June could accelerate again and shows that the trading volume has almost doubled since April. The main driver of this strong crypto market performance was, of course, the Bitcoin price, which we will take a closer look at, as well as the other top 5 cryptocurrencies.
Bitcoin + 165%, Ripple + 28%, Ethereum + 107%, Litecoin + 103% and Bitcoin Cash + 137%
The Top 5 Cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Litecoin (LTC) and Bitcoin Cash (BCH) are the main drivers of strong crypto market performance in Q2 2019. But we also see clearly that it is in this Ripple (if you want to see + 28% as a loss), because Ripple (XRP) could not keep up with the top performance of the rest of the Top 5 Cryptos (by MarketCap).
Surprising for some is certainly the strong performance of Bitcoin Cash, which went hand in hand with the strong Bitcoin price performance and outperformed the rest. Even the Litecoin Halving FOMO was “only” up to 103% plus, with much of it priced in Q1. All in all, the top 5 together rose 108% in Q2 2019, a real top performance if we look at the crypto market over time.
Review of the Top 30 Cryptos — 4 newcomers and 1 loser in the Top 30 Crypto Charts
If we take a look at the Top 30 of all cryptos again (by MarketCap), we see 4 newcomers in the top 30 and 1 big loser. While Huobi Token (HT), QTUM, LEO (Bitfinex Token) and Chainlink (LINK) can look forward to a new placement, Tezos (TZ) has been handed down to 23rd place, losing 6 places compared to Q1.
Especially Chainlink was able to accelerate through a huge increase in Q2 and is on the rise after the performance. Nevertheless, the course is now under pressure, we have looked at the whole thing in analysis again.
Than who other than Huobi token is here, should not be a surprise since the Exchange tokens such as Binance Coin or Huobi Token are among the top performers in 2019.
Author: Marko Vidrih
Images credit CoinGecko